Robinhood Chain surpasses 13,900 contracts deployed in first week of mainnet

Robinhood Chain surpasses 13,900 contracts deployed in first week of mainnet

The brokerage's Ethereum Layer 2 chain launched publicly on July 1, drawing immediate developer interest with stock tokenization and DeFi integrations on day one.

Robinhood Chain has surpassed 13,900 deployed smart contracts within days of launching its public mainnet, pointing to early developer activity around the brokerage’s push into tokenized assets and decentralized finance.

Robinhood officially launched the network on July 1. Built using the Arbitrum Platform, Robinhood Chain is an Ethereum compatible Layer 2 designed to support tokenized stocks, real world assets and financial applications.

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The network uses ETH for transaction fees and supports standard Ethereum development tools. Developers can deploy contracts written in Solidity or Vyper without modifying their existing code, lowering the technical barriers to building on the chain.

Robinhood Chain launched with a dedicated Uniswap automated market maker and a proprietary trading venue from Pleiades. The ecosystem also includes infrastructure from Alchemy, BitGo and Chainlink, alongside lending, derivatives and stablecoin integrations.

Chainlink serves as the network’s official oracle and cross chain infrastructure provider. Its Data Feeds, Data Streams and Cross Chain Interoperability Protocol went live alongside the mainnet to support Robinhood issued stock tokens, including products tracking Nvidia, Alphabet and Apple shares.

Robinhood has made its new stock tokens available through Robinhood Wallet to eligible users in more than 120 countries. The assets can be traded around the clock and used in decentralized finance applications, including lending pools and as collateral.

While the number of deployed contracts does not directly measure active users or liquidity, the early activity indicates that developers began testing and deploying applications shortly after the network became publicly accessible.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Robinhood Chain surpasses 13,900 contracts deployed in first week of mainnet

Robinhood Chain surpasses 13,900 contracts deployed in first week of mainnet

The brokerage's Ethereum Layer 2 chain launched publicly on July 1, drawing immediate developer interest with stock tokenization and DeFi integrations on day one.

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Robinhood Chain has surpassed 13,900 deployed smart contracts within days of launching its public mainnet, pointing to early developer activity around the brokerage’s push into tokenized assets and decentralized finance.

Robinhood officially launched the network on July 1. Built using the Arbitrum Platform, Robinhood Chain is an Ethereum compatible Layer 2 designed to support tokenized stocks, real world assets and financial applications.

Advertisement

The network uses ETH for transaction fees and supports standard Ethereum development tools. Developers can deploy contracts written in Solidity or Vyper without modifying their existing code, lowering the technical barriers to building on the chain.

Robinhood Chain launched with a dedicated Uniswap automated market maker and a proprietary trading venue from Pleiades. The ecosystem also includes infrastructure from Alchemy, BitGo and Chainlink, alongside lending, derivatives and stablecoin integrations.

Chainlink serves as the network’s official oracle and cross chain infrastructure provider. Its Data Feeds, Data Streams and Cross Chain Interoperability Protocol went live alongside the mainnet to support Robinhood issued stock tokens, including products tracking Nvidia, Alphabet and Apple shares.

Robinhood has made its new stock tokens available through Robinhood Wallet to eligible users in more than 120 countries. The assets can be traded around the clock and used in decentralized finance applications, including lending pools and as collateral.

While the number of deployed contracts does not directly measure active users or liquidity, the early activity indicates that developers began testing and deploying applications shortly after the network became publicly accessible.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.